USD/CHF Technical Analysis September 5, 2011
USD/CHF fell hard on Friday as the Non-Farm Payroll number disappointed in the US. The pair fell as low as the 0.7720 area, but ended the day by forming a hammer. This shows that the pair may...
Category: Daily Forex Reports
GBP/USD Technical Analysis September 5, 2011
The GBP/USD had a fairly quiet day on Friday as traders took a rest in this market after the Non-Farm Payroll number release. The 1.61 area looks like it is the start of a larger support are...
USD/JPY Technical Analysis September 5, 2011
USD/JPY fell initially on Friday, and retested the 76.50 area. This area is becoming more and more interesting to us as it looks like a floor for this pair at the moment. With Bank of Japan intervening...
EUR/USD Technical Analysis September 5, 2011
EUR/USD fell hard on Friday, as the Non-Farm Payroll number disappointed. The pair looks very, very weak at this point, but the range has been established between 1.40 and 1.45 – and as we are getting fairly...
AUD/USD Analysis (September 2)
Despite the pressure on the majors and relative shift towards risk aversion, the Aussie is being resilient with only a slight consolidation in its current rally.
USD/CAD Analysis (September 2)
If a material base might be in place for a possible long term reversal, we haven’t seen yet a real confirmation of the bullish bounce started in July.
USD/CHF Analysis (September 2)
In our last analysis, we were expecting an extension of the decline towards 0,78 which has been reached today in a very high pace.
USD/JPY Analysis (September 2)
The pair continues to trade flat just above its historical low (76,00). A material might be in place but we now need to see a break above 77,70 (recent high) to confirm a bullish reversal.
GBP/USD Analysis (September 2)
With a break below its daily rising trendline yesterday, the Cable has confirmed a bearish bias thus we expect a continuation towards next key support at 1,60 (weekly bollinger band).
EUR/USD Analysis (September 2)
The pair is now under pressure after a new fail to establish above 1,45. Daily studies are pointing to further losses over the coming sessions.